In this paper, we investigate the damage to real-sector investment spending and corporate financing activities … triggered by the failure of three major investment banks during the 2007-09 financial crisis. We find that firms characterized … by pre-crisis corporate investment banking relationships with troubled investment banks exhibit significantly lower post …

award the entire production to a single supplier. We examine the effect of using multiple suppliers on investment incentives …This paper studies procurement contracts where a buyer can either divide full production among multiple suppliers or …. In a framework of generalized second-price auctions with pre-auction investment, we show that the optimality of split …

This paper examines the effect of salvage market on strategic technology choice and capacity investment decision of two … of capacity investment: flexible firm makes decision about general and specific components’ capacity and inflexible firm …

We study a set of bilateral Nash bargaining problems between an upstream input supplier and several differentiated but … competing retailers. If one bilateral bargain fails, the supplier can sell to the other retailers. We show that, in a … disagreement, the other retailers' behavior has a dramatic impact on the supplier's outside options and, therefore, on input prices …